[Code of Federal Regulations]
[Title 31, Volume 2]
[Revised as of July 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 31CFR346.13]

[Page 289]
 
                  TITLE 31--MONEY AND FINANCE: TREASURY
 
         CHAPTER II--FISCAL SERVICE, DEPARTMENT OF THE TREASURY
 
PART 346--REGULATIONS GOVERNING UNITED STATES INDIVIDUAL RETIREMENT BONDS--Table of Contents
 
Sec. 346.13  Taxation.

    The tax treatment provided under section 409 of the Internal Revenue 
Code of 1954, as amended, shall apply to all Individual Retirement 
Bonds. The bonds are subject to estate, inheritance, or other excise 
taxes, whether Federal or State, but are exempt from all taxation now or 
hereafter imposed on the principal or interest thereof by any State, 
municipality, or any local taxing authority. Inquiry concerning the 
application of any Federal tax to these bonds should be directed to the 
District Director of Internal Revenue for the district in which the 
taxpayer resides.